Mahantesh Sabarad, Fortune Equity Brokers is of the view that Maruti Suzuki looks quite expensive, one can sell the stock.

Sabarad told CNBC-TV18, “I do not hold the view that Maruti Suzuki will grow in low single digits in terms of volumes for FY14. Having grown by just about 3-5 percent in this fiscal year by the time we end FY13, they have a potential to actually grow over the low base. Arithmetic tells us that they can possibly grow at close 20 percent in terms of volume growth. So I am a little surprised with what Maruti is trying to convey by saying that the volume growth in FY14 is going to be quite low. So I am actually surprised by this kind of guidance that is coming out."

He further added, "But if you look at the stock we clearly have a sell call on the company more to do with its poor financial performance. They are stuck in a low EBITDA margin trap. They are delivering low returns on their balance sheet, so that makes the stock quite expensive currently.”